AIMIA ANNOUNCES CLOSING OF PRIVATE PLACEMENT
TORONTO, Oct. 21, 2023 /CNW/ - Aimia Inc. (TSX: AIM) ("Aimia" or the "Company"), a holding company focused on long-term global investments, today announced the closing of its previously announced private placement (the "Private Placement") by strategic investors of 10,475,000 Aimia common shares ("Common Shares") together with 10,475,000 Common Share purchase warrants ("Warrants") for total gross proceeds of $32.5 million.
- TORONTO, Oct. 21, 2023 /CNW/ - Aimia Inc. (TSX: AIM) ("Aimia" or the "Company"), a holding company focused on long-term global investments, today announced the closing of its previously announced private placement (the "Private Placement") by strategic investors of 10,475,000 Aimia common shares ("Common Shares") together with 10,475,000 Common Share purchase warrants ("Warrants") for total gross proceeds of $32.5 million.
- The Common Shares issued on closing of the Private Placement and the Common Shares issuable on exercise of the Warrants are subject to a six-month lock-up period from the date of closing of the Private Placement, with customary carve-outs including the ability to tender to a bona fide takeover bid.
- No voting trust or similar agreement has been or will be entered into in connection with the Private Placement.
- Phil Mittleman, Chief Executive Officer of Aimia, remarked, "We are delighted with the successful completion of this Private Placement.